Ok. Someone wasn't happy..

Here we go … Train of Doom … “remarkably” delayed for 48 years but cleared for immediate departure … All Aboard!

The colony's Voters, — excluding some scattered about Grand Bahamaland, — had've — Moody sensed — the real reason for not to trust — Minnis's **lone** decision to conduct a snap 2021 election— Yet, there exists — some sayin' — we is a colony of stupid voters.— Yes?

Simple solution STOP BORROWING and live with our means. We need an across the board reduction in civil servants salary by 10%. Sell even at a lost virtually all public corporations, particularly Bahamas air and ZNS. We have a government larger than what we can afford.

NEVER B'AIR NEVER

Not that simple. They have to borrow to service the debt (make payments) because the income is less than debt and about to be less than the interest in short order.

We're getting downgraded because the income has decreased to a point where the debt will explode to compensate and with rising interest rates we could hit 10-20x debt to income making repayment even less likely and devaluation a possibility

you can't pay off debt by creating more debt

ComradeDonA, I've written — **the** catchy slogan — will knock socks right off **Premier Brave's** — civil servants and government workers. — Here it is:
— Premier Brave's — **Governing Motto:** — 'A Healthy Environment and a Healthy Economy — Go Together' — **Like A Horse and Buggy**— Yes? —

Like love and marriage - yes or no?

@Comrade DonA, sit on a chair, just in case you become all dizzy after reading: — Moody, doesn't even know about the civil servants, government workers, and the — hundreds of political appointees and hires — plus the consultants, and advisors, — **Who upon exiting government **has been,** — Presented with the opportunity to keep their government-issued fleet vehicle — and government-insured license plates?** — Trust me, that I am not making this one up— Yes?

And now we know the reason for the early election...

Yes the 'tihs' will soon hit the fan...

To save money, I would start by not paying Moody's.

Meh, wake me when the Bahamian Dollar falls below the Greenback.

Country is broke

What a sobering wake up call this morning. Brave's hands are going to be firmly tied behind his back during the next 5 years. The governnent simply cannot borrow its way out of this crisis and we are being warned of a further downgrade if we drag our heals on fiscal consolidation. What a poison chalice the new PM has inherited! The PLP are going to have to display a level of fiscal responsibility that they have been unable to achieve historically in order to avoid a devaluation. This means cutting our cloth in a big way which will surely involve a reduction in the civil service payroll and a selling off of the loss making government corporations. Forget any reduction in VAT. Property tax needs to be increased and a zero tolerance for non-payment introduced. And finally the government cannot ignore the huge under funding of the state pension. We cannot kick that can down the road for another 5 years. Things gonna be tough for a while folks - brace yourselves for a long bumpy ride.

Downtown property tax cannot increase, we have to borrow just to pay. Thus a double expense with nothing coming in to cover either.

They need to foster innovation. Its why the US and Asian economies grow. Innovation. Stop stealing peoples ideas and touting them as brilliant govt initiatives. innovation has no age colour or gender. So stop talking about "young" people with ideas and starting talking seeking innovators. Let youth development be it's own thing

WoW .....and all of this is happening while the potential hurricane systems are out there playing hit and miss with the Bahamas. This is another down grade .that the new opposition can claim happened under the PLP. We can forget the two percent Vat decrease promise. No PLP government has ever displayed a steady fiscal responsible hand while governing this country. Thats how we got in this situation in the first place. Thank god for all the new fiscal responsibility legislation implemented under the Minnis administration.

Wait until we next hair from the IMF. Our day of reckoning has just begun,

A departing gift from Minnis to Davis! Considering that VAT is the #1 revenue for the government, the decrease announced by Davis will soon lead to another downgrade.

Well seems Chester has the answer, he better... they say they will fix it, that is why they the government. The FNN borrow too much they say...no more talk, once they get sworn in time to go to work.

Hmmmm...if and when the country defaults on it's loans and incurs the wrath of multiple super-national banks - what then? The only way out of is this is tax and it's got to be on the wealthy, spec investors leveraging this country real estate to milk their fortunes..Idle land must be taxed...a serious audit of real estate valuation for property tax in the out islands must happen...Large corporation have got to pay.. and stupid capital projects like the 30 million glass window bridge to no where must be shelved...government bureaucratic fat must be cut and investment in education and health service must start...and above all the borrowing must cease...

And I have to wonder if Minnis regrets catering this economy by lockdowns and building side walks when he could have been building health care facilities....

A poison chalice. An economist from the Royal Bank of Canada felt that this country is on verge of a debt default. Also this country may have to enter an IMF program. That is the reason for this early election. It was done before in Jamaica.

There are no magic bullets to this country's problems. Don't believe what ever foolishness certain politicians or certain elements of the media say.

Bahamas must make more money per tourist to pay this all off. You can't do that at the low levels of spend per cruise visitor. Government policy has to be used to get the tourists off cruise ship based tourism and into hotels. Fortunately, cancelling the cruise ship permissions to enter the Bahamas can be done by government decree alone. Ideally you do this with other islands and Central America, but if not you do it alone.

It will heighten the level of financial fear left behind by a failed Red government, — **If** indeed, Minnis, and his band of 38 Candidates — were out campaigning, whilst tucked away, was Moody's data— Yet, blocking its release to the Popoulaces, since August 20.— With not the slightest hesitation be — Promising the PopoulacesVoters — **Sets Red Keys To Hundreds Newly Constructed Homes, and On Be On Your Journey To A Happy Life?** — Yes?

Brave might have actually been telling the truth after all about the government informing creditors about an early election lol. No way was the timing of this announcement coincidental, it is a major disservice to Brave to have a downgrade on his second day in office.

No, what probably happened was, because of Dorian and the pandemic, we were.going to be downgraded anyway. What Moodys did was the correct thing to do. Moodys waited until the election was.over to announce the downgrade. If they had announced the downgrade before the election , it would have appeared that they were influenving the outcome of a.sovereign country's election process. They waited , and it was.the right thing. It isnt coincidental, they did noy want.to announce before the election. They probably wete.going to do it , and that is why Minnis called it early. Just my thoughts.....

@Comradebahamian, what if you assume certain things to be true when there exists — historical data — points to the contrary, — Yes?

Ok, I can see what you are saying, but it is a partisan move either way. Politics is all about optics, with facts taking a back seat unfortunately. All the FNM has to do is say that Brave got downgraded on his second day in office, and it is true. To the uninformed observer, it could appear to be a direct response to a PLP victory as well. People often don't look for the deeper context behind these issues. Besides, they delayed the announcement past the usual release date, which means that someone had to inform them. Election was not called until the later part of August.

Dorian and the pandemic certainly exacerbated the debt problem but the truth is that every government for the last 20 years has made it worse piecemeal. Both the FNM and PLP are guilty of increasing our debt by mismanagement of public funds due to ignorance and self enrichment. Have you ever noticed that EVERY SINGLE Prime Minister and Cabinet Minister seems to come out a lot wealthier at the end of the 5 years?!

There's a long list of MPs. who served and — Never used their office as their personal ATMs. — **And, yes,** — At the very top the list alongside — **The Most Honorable,** — Is the names of several we colony's former finance ministers, And. without exclusions, — As to they's political parties colours, — Yes?

Government needs to get out of private business. Get out of banking, airline, taking over bankrupt hotels, etc. Government loses money and creates opportunity for corruption. privatize all companies ASAP

This is reality Mr Davies and your idea to reduce VAT to 10% may be a lie or a vote pleaser but it is utter madness to decrease your limited budget income at this time. How about not hiring all those who were promised a civil service job for election victory, Make everyone with any property of reasonable value pay and pay now property taxes, add 25 cents to every bottle of liquor and $1 on cigarettes. It is a fact that many expats selling their houses after 20-30 years of ownership never paid their taxes because their reasoning was take it out of the proceeds of the sale. That means taxes due say 15 years ago but not paid till 2021 have lost their purchasing value whilst the government continues to pay interest on loans. Make all politicians pay their electricity bills. Sell unused rented or owned government properties. God knows as individuals we have to balance expenditure versus income and evaluate whether a loan is necessary.. There are so many ways the PLP and FNM could save money but refuse to face up to reality. Go ahead Mr Davies , placate the great unwashed with rewards and meaningless tit bits but devaluation looms. and that will make todays cost of living seem cheap.

after effect of the red party. They burrowed burrowed and never even initiated anything to assist in the repaying of they mountain they burrowed. Dorian loan never even touched the people affected but the money was spent.